Minh Phu Seafood Company decided to invest in digital transformation by acquiring advanced technologies like artificial intelligence (AI) and using them in raising and processing shrimps.– Photo baodautu.vn “Digital transformation or losses?” was the thorny question for Minh Phu Seafood Company a few years ago. A leading fisheries exporter, it shipped its products to over 50 markets around the world, earning annual revenues of VND12 trillion (US$526,000). As orders grew rapidly, the company was finding it hard to accept all of them. “This … required us to increase our capacity by five-10 times,” CEO Le Van Quang said. However, increasing its 14,000-strong workforce by five to 10 times was impossible and this forced the company to explore alternative solutions. “For five years I went to many countries to study this issue and found that digital transformation was the best way for the company to survive and grow. It helps cut costs and improve … [Read more...] about Digital transformation imperative for industry 4.0
Leading digital business transformation
VNPT targets to be leading digital service provider in Vietnam
Officially established in April 2018, VNPT-IT is a business having dependent accounting and a member of the VNPT. It has the responsibility to research and develop integrated information and communication technology (ICT) solutions to serve VNPT’s customers or independent clients and even foreign ones. This will make VNPT-IT a new pillar in producing software and IT applications of the whole Group, helping it achieving breakthroughs in the period of 2017 – 2025 in order to transform from a conventional telecommunications service provider to a supplier of multi-services, including telecommunications, information technology, and digital services. According to Mr. Ngo Dien Hy, Director of VNPT-IT, the assigned responsibility is truly challenging. To fulfill it, his company will integrate cutting edge technologies like AI, Bigdata, and Cloud into the services to offer more benefits to customers while increasing the competitiveness of VNPT’s products. The company’s … [Read more...] about VNPT targets to be leading digital service provider in Vietnam
Profit figures mark significant impact of digital transformation
Companies that embrace digital transformation are up to 26 per cent more profitable than their competitors and enjoy up to 12 per cent higher market valuation, according to a recent survey by ManpowerGroup—the leading global workforce solutions company. In the “From C-Suite to Digital Suite” research, ManpowerGroup shares that by 2020, 30 per cent of industry revenue will come from new business models and transforming quickly can make the difference between success and failure. However, C-Suite is not enough to lead through businesses digital transformation. It requires the Digital Suite: a community of digital-ready, analytically-minded, and connected leaders dedicated to creating the necessary culture and capabilities within the organisation to unlock opportunities and drive successful digital transformation. The good news is digital leadership is not a total replacement of the fundamental attributes underlying leadership effectiveness. Instead, 80 per cent of the … [Read more...] about Profit figures mark significant impact of digital transformation
TH true milk drives digital HR transformation
A cow farm of TH True milk. The group is enhancing its human resource (HR) capabilities and leverage real-time analytics for better business decisions. — Photo thmilk.vn TH true milk, one of Viet Nam’s largest fresh milk producers, has gone live with SAP SuccessFactors solutions for human capital management. The move is aimed at helping the company enhance its human resource (HR) capabilities and leverage real-time analytics for better business decisions. The SAP SuccessFactors solutions have been implemented in four companies within the TH Group including TH Food Chain JSC, TH true milk Food and TH true milk, encompassing 5,500 employees within Viet Nam, Russia and the US. The TH Group accounts for some 40 per cent of the market share for fresh milk in Viet Nam. The group’s key products are UHT sterilised milk, pasteurised fresh milk, yogurt and drinking yogurt. The TH Group’s farm is used by researchers and experts working in the dairy sector due to the new … [Read more...] about TH true milk drives digital HR transformation
CMC Corp. trains sights on a digital future – Vietnam News Politics, Business, Economy, Society, Life, Sports
CMC Corp. trains sights on a digital future The digital, hi-tech era has created unprecedented opportunities in human history. These huge opportunities of the future will decide the fate of all businesses. After 24 years of development since its inception, the leaders of CMC Corporation decided to choose 2017 as the year marking the corporation's transformation towards a digital future. Desire to change Vietnamese society and the world have witnessed numerous changes over the last several years to come to the digitization era, the era of knowledge-based economy. With the 4th Industrial Revolution underway, technology is developing rapidly everyday, with IOT, SMAC, artificial intelligence, robotics and other latest applications affecting every aspect of life. During the last 10 years, many big-name companies in the IT industry have faded: Nokia, COMPAQ, Sony… and some other Japanese electronics and computer brands too, because they did not adapt to market changes and … [Read more...] about CMC Corp. trains sights on a digital future – Vietnam News Politics, Business, Economy, Society, Life, Sports